Kevin Prendergast, Chief Executive of the Irish Auditing and Accounting Supervisory Authority (IAASA) met with NASBA President and CEO Ken Bishop on September 25 in Dublin, Ireland. Their discussions included Eileen Townsend, IAASA Head of Regulatory and Monitoring Supervision. Besides acquainting each other with the operations of their respective organizations, the leaders discussed what would be needed for the IAASA to recognize experience gained by CPAs in the United States as meeting the experience requirement called for in the mutual recognition agreement renewed by the International Qualifications Appraisal Board in 2017. President Bishop observed that NASBA’s mission and that of the IAASA are similar, as their mission is “to contribute to Ireland having a strong regulatory environment in which to do business by supervising and promoting high quality financial reporting, auditing and effective regulation of the accounting profession in the public interest.”

Mr. Bishop conferred with Chartered Accountants of Ireland President Feargal McCormick and CEO Barry Dempsey on working through gaps in the mutual recognition agreement, and issues associated with the European Union’s recognition of U.S. CPAs. President Bishop also met with CPA Ireland’s CEO Eamonn Siggins, another recognized accountancy body under the supervision of the IAASA.

Back in Nashville on September 12, Chair Ted Long and President Bishop met with IESBA Chair Stavros Thomadakis and introduced him to NASBA’s headquarters staff and the projects they are pursuing.

Related News

Full Issue